to view the Affordable Housing Plan - Town of North Andover
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<strong>North</strong> <strong>Andover</strong>’s<br />
rental unit problems<br />
are not just limited <strong>to</strong><br />
affordability issues;<br />
<strong>the</strong>y also include an<br />
availability issue. In<br />
addition <strong>to</strong> <strong>the</strong>re<br />
being little rental<br />
housing construction<br />
since 1979, <strong>the</strong><br />
vacancy rate in <strong>the</strong><br />
community is only<br />
2.2% (219 units). 4<br />
Since 1990, <strong>the</strong><br />
number <strong>of</strong> vacant<br />
units decreased by<br />
42%. Of <strong>the</strong> 219<br />
vacant units noted in<br />
<strong>the</strong> 2000 Census,<br />
only 28% were<br />
considered available<br />
for rent (63 units) as<br />
compared <strong>to</strong> 39% in 1990 (see Table 9).<br />
Table 9: <strong>North</strong> <strong>Andover</strong> <strong>Housing</strong> Unit Characteristics<br />
2000 % Change<br />
1990 2000 % <strong>of</strong> Total 1990-2000<br />
Occupancy Status<br />
Total housing units 8,271 9,943 20.2%<br />
Occupied housing units 7,891 9,724 97.8% 23.2%<br />
Vacant housing units 380 219 2.2% -42.4%<br />
Tenure<br />
Occupied housing units 7,891 9,724 97.8% 23.2%<br />
Owner-occupied housing units 5,392 7,053 70.9% 30.8%<br />
Renter-occupied housing units 2,499 2,671 26.9% 6.9%<br />
Vacancy Status<br />
Vacant housing units 380 219 2.2% -42.4%<br />
For rent 148 63 28.8% -57.4%<br />
For sale only 110 28 12.8% -74.5%<br />
Rented or sold, not occupied 25 32 14.6% 28.0%<br />
For seasonal, recreational, or occasional use 51 47 21.5% -7.8%<br />
For migra<strong>to</strong>ry workers 0 0 0.0% 0.0%<br />
O<strong>the</strong>r vacant 46 49 22.4% 6.5%<br />
Source: US Census 1990 & 2000, Summary File 1<br />
The demographic make<br />
up <strong>of</strong> residents who rent<br />
and buy homes in <strong>North</strong><br />
<strong>Andover</strong> is changing.<br />
There are housing unit owners in <strong>North</strong> <strong>Andover</strong> that are equally<br />
burdened by housing costs, 23.5% <strong>of</strong> mortgage holders paid 30%<br />
or more <strong>of</strong> <strong>the</strong>ir income for monthly owner costs. 5 Certainly since<br />
2000 that number has increased with <strong>the</strong> tremendous increase in<br />
single-family home sale prices and condo sale prices.<br />
Age is ano<strong>the</strong>r important fac<strong>to</strong>r <strong>to</strong> evaluate when thinking about renter and owner occupied<br />
housing. Both owners and renters saw a decline in <strong>the</strong> 15-24 and 25-34 age groups, which coincide<br />
with <strong>the</strong> overall loss <strong>of</strong> <strong>North</strong> <strong>Andover</strong> residents in <strong>the</strong>se age ranges (see Table 10). The decrease in<br />
<strong>the</strong> 15-34 owner and renter age groups overall and in those who are renting and owning in <strong>the</strong><br />
community may be due <strong>to</strong> increased housing costs, <strong>the</strong> fact that students who are completing high<br />
school and college do not want (or can’t afford) <strong>to</strong> stay in <strong>to</strong>wn and are moving <strong>to</strong> o<strong>the</strong>r areas, or it<br />
may be an indication that more young adults are returning <strong>to</strong> live with <strong>the</strong>ir families after school.<br />
There has been a noticeable increase in <strong>the</strong> number <strong>of</strong> <strong>North</strong> <strong>Andover</strong> residents aged 35-64 and<br />
over 75 who are renting which may be indicative <strong>of</strong> <strong>the</strong> desire <strong>of</strong> some people <strong>to</strong> downsize from a<br />
larger home <strong>to</strong> a more manageable apartment or condo. Interestingly, <strong>the</strong>re are a significantly higher<br />
number <strong>of</strong> residents age 75+ who live in an owner occupied living situation than <strong>the</strong>re was a decade<br />
ago in 1990.<br />
4 US Census 2000, Summary File 1<br />
5 Ibid.<br />
<strong>North</strong> <strong>Andover</strong> <strong>Affordable</strong> <strong>Housing</strong> <strong>Plan</strong><br />
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